Oriental Hotels Q2 results: Profit increased by 30.66%

Business Business:Oriental Hotels announced its Q2 results on October 14, 2024, with year-on-year�Year by year�A significant growth of 13.48% and profit jump of 30.66% was recorded. The results reflect a strong performance in the hospitality sector, driven by a boom in travel and tourism.Compared to the previous quarter, the company's revenue increased by a significant 26.02%, while profit increased by a staggering 522.96%. These figures underline the company's effective strategies and operational efficiencies during the quarter. However, selling, general and administrative expenses saw a marginal increase of 1.44% quarter-on-quarter and an increase of 8.87% year-on-year, reflecting the increase in operating costs that the company is managing amid its growth .

Operating income also displayed impressive figures, growing 237.73% quarter-on-quarter and 18.59% year-on-year, reflecting the company's strong operating performance. Earnings per share (EPS) in the second quarter stood at ₹0.32, an increase of 33.33% year-on-year, reflecting increased profitability and shareholder value. In the last week, Oriental Hotels has returned 5.18%, while the last six months have seen an impressive return of 31.99%. Year-to-date, the stock has gained 46.2%, reflecting strong investor confidence. Currently, Oriental Hotels has a market capitalization of ₹3189.42 Crore, with a 52-week high of ₹192.2 and low of ₹91.3, indicating its stability and growth potential in the market.